Belpointe Asset Management LLC Acquires 2,358 Shares of The Boeing Company $BA

Belpointe Asset Management LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 19.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,492 shares of the aircraft producer’s stock after acquiring an additional 2,358 shares during the period. Belpointe Asset Management LLC’s holdings in Boeing were worth $3,037,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Piscataqua Savings Bank increased its position in Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 137 shares in the last quarter. Proathlete Wealth Management LLC bought a new position in shares of Boeing during the first quarter valued at $34,000. Monetary Management Group Inc. raised its position in shares of Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after purchasing an additional 50 shares during the last quarter. Dogwood Wealth Management LLC raised its position in shares of Boeing by 30.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 240 shares of the aircraft producer’s stock worth $52,000 after purchasing an additional 56 shares during the last quarter. Finally, Hilltop National Bank bought a new position in Boeing in the 2nd quarter worth about $61,000. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on BA shares. Jefferies Financial Group set a $255.00 target price on shares of Boeing in a report on Tuesday, September 30th. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price on the stock in a research note on Friday, June 27th. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and lifted their target price for the stock from $242.00 to $270.00 in a report on Monday, September 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of Boeing in a report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $233.91.

Boeing Stock Performance

Shares of NYSE:BA opened at $219.62 on Tuesday. The stock’s 50-day simple moving average is $224.72 and its two-hundred day simple moving average is $205.50. The stock has a market capitalization of $166.07 billion, a price-to-earnings ratio of -13.30 and a beta of 1.47. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($2.90) EPS. As a group, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.